Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Rises By 33.3%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 7,200 shares, a growth of 33.3% from the October 31st total of 5,400 shares. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is currently 0.7 days.

First Trust United Kingdom AlphaDEX Fund Price Performance

NASDAQ FKU opened at $39.86 on Monday. The company has a market cap of $75.73 million, a P/E ratio of 12.45 and a beta of 1.18. The stock has a 50-day moving average of $40.30 and a two-hundred day moving average of $39.75. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $34.14 and a 1-year high of $42.54.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2687 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP grew its stake in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% in the third quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after acquiring an additional 1,477 shares in the last quarter. Rathbones Group PLC boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 18.1% in the second quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock valued at $1,700,000 after purchasing an additional 6,823 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth about $2,394,000.

About First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.